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Sometimes it can be hard to determine what came first; financial problems or depression. However once the debt has become and issue it can increase the amount of hopelessness and anxiety people feel. The good news is, help is available.
Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.
Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.
In many families, one person is the designated financial planner. While it may help keep the rest of the family stress free, sharing the process and decisions can be helpful to all everyone. Here is how to get started in your family.
People may be hesitant to reach out for help due to misconceptions about financial counseling. Here are some of the false beliefs that consumers admitted in the 2014 NFCC Financial Literacy Survey
NFCC Offers Consumers Five Steps to Finding $1,000 for Holiday Spending. With the holidays five months away, now is the time to take action
If you are nervous about getting your kids the clothes and supplies they need to go back to school, you’re not alone. Zulily, a retailer that focuses on women, went outside the retail realm and surveyed more than 6,000 parents about their biggest fears regarding their children as they prepare to head back to school.
For years many financial experts have been warning against using “debt settlement†strategies to battle high credit card debts. According to a June 2014 report from the Center for Responsible Lending, despite changes in federal and state laws, the warnings will continue.
When you check into a hotel or rent a car you are required to present a credit card as security. This reality is troubling in light of the news that a single hotel in Houston reported it had been the victim of a data breach that potentially affected about 10,000 customers.
If you have kids there is a good chance they’ve left school and have the next couple months free of backpacks, text books and gym shorts. Assuming they are going back to school toward the end of summer, you might consider planning for and buying some of the clothes they will need when school welcomes them back, now.
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and your counselor will review your credit report, analyze your financial situation and help you find the option that's best for you.
